Chase Ink Business Preferred Credit Card Review

  • 6 min read

When looking for a new card, the Chase Ink Business Preferred Credit Card is a good starting point. It is a fantastic business credit card. If your business does a lot of travelling, shipping, or advertising then this may be the card for you. The quality of the card, plus its impressive sign-up bonuses means value for you.

Benefits and Perks

  • Excellent sign-up bonus that could be worth well over $1,000 if used judiciously. 80,000 points sign-up bonus, making the Chase Ink Business Preferred Credit Card one of the most business-friendly cards on the market today.
  • Three points for every $1 spent on travel and other select purchases.
  • If you are spending more than $150,000 per annum, you should consider a flat-rate cash-back card offering a better return.

Fees and Expenses

  • Great card for those short term use with the great sign up bonus.
  • Bonuses may cover the annual fee of $95.
  • Annual fee is hard to justify if your business is not spending enough. If you have low annual expenses, then you might just find that this does not suit you.
  • Not the best option if you are looking to maximize your rewards, especially if you are spending more than $150k per per annum.

Full Review

When looking for a business card, the Chase Ink Business Preferred Credit Card is often a popular choice. It has become a popular business card for businesses spending under $150,000 a year.

Who is the card for? Most of the time, we would recommend that you look at the Chase Ink Business Preferred Credit Card if you are looking for a high sign-up bonus. That is not the only reason why this card is a good pick. Travel, shipping and advertising costs are a major part of running a business today; you can cut down on the cost of these by getting a rewards and cashback for using this card.

How to use the card: Using the Chase Ink Business Preferred Credit Card is quite easy; you just need to use it to buy associated products. With a $150,000 annual limit for expenditures, at three points per dollar spent, you can rack up a lot. Anything after the $150k mark is back to $1/point. Simply hand out a copy of the card to each trustworthy employee, and you can soon build up rewards and hit that sign-up bonus. Make sure those travelling in the name of the business use it as often as they can, as the rewards are worth signing up for.

Things to consider: If you have a business that does not do much travelling or has a rather minimal advertising budget, then you will really struggle to use this card as well as you like. If you do use these kinds of tools a lot, though, then you will find it super-simple to use this card and make the most of it time and time agThe fact it helps you to avoid so many other costs like employee cards and cell phone insurance, too, this card makes it easy for you to get a lot of value out of it.

Improvements Needed: For one, this card is just not particularly good for those whose business needs differ from the options with the card. If you are spending less on categories like travel and advertising., it may not be a good fit for you. If you find that the cash back bonuses cannot be activated on a regular basis, then you will really struggle to get value out of this card.

However, another improvement would be the fact that it’s a little bit lacking in terms of maximizing rewards. If you want a better level of cash return, then an unlimited, flat-rate card might be a better option for you.

What We Like: Quite a lot. It offers many useful bonuses:

  • trip delay re-imbursement
  • collision cost waivers for auto rental
  • purchase and return warranty plans
  • employee cards for easier business use at no extra cost
  • lack of foreign transaction fees
  • three points earned for every $1 spent
  • 80,000 point sign-up bonus

Find out more about this Chase Ink Business Preferred Credit Card.

Related Competitor Cards

While we think that the Chase Ink Business Preferred Credit Card is a tremendous card, we know that you might want options. If you are not yet convinced that it does the job that you need, then we recommend that you look at any of the below cards. These are all popular cards and are alternatives.

Capital One Spark Cash Select. The Capital One Spark Cash Select is a fine alternative to the Chase Ink Business Preferred Credit Card. The fact it comes with no annual fee and offers an impressive 2-year rewards rate of 2.08%. It has a sign up bonus value of $200, which is a bit more than many comparable cards.While it might not be perfect, the Spark Cash Select would be a good choice if you want something a little different.

Starwood Preferred Guest Business Credit Card. This American Express card is a very popular choice and would be one that we would be happy to recommend if you are on the lookout for a new card. It’s $100 bonus value is OK, and the 2.41% reward rate for 2-years is hardly the worst. While it might not be quite the same quality as the Chase Ink Business Preferred Credit Card, we recommend that you take a look if you are on the lookout for a decent American Express competitor. A fine card with a 2-year rewards value of around $830.

SimplyCash Plus Business Credit. The Chase Ink Business Preferred Credit Card might be a good card, but the American Express’ SimplyCash® Plus Business Credit Card is a good alternative. It is very similar, although it has no annual fees attached which makes it stand out from the crowd a bit more. The Chase Ink Business Preferred Credit Card offers 0.70% reward rate, while the SimplyCash has around 1%. It all depends on what you are looking for from a credit card, but you will find that this will make a good alternative if you want an American Express card.

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Christopher - BSc, MBA

With over two decades of combined Big 5 Banking and Agency experience, Christopher launched Underbanked® to cut through the noise and complexity of financial information. Christopher has an MBA degree from McMaster University and BSc. from Western University in Canada.